Professor Patrick Honohan:

It is getting close to a situation where borrowers who have not engaged may find themselves not achieving a sustainable restructuring. Therefore, it is an important issue and we wanted to solve the problem. Both the committee and I wanted the problem to be solved and pushed the banks and set targets. I was not quite sure about them, but we set them. This has generated action, but it has not yet delivered the full result. However, we have sustainable solutions for a substantial number - 50% - in the context of restructuring. I think of the others as being in a separate box for special treatment and hope they are-----